Varonis Systems Inc’s filing revealed that its Vice Chairman – Sales O’Boyle James unloaded Company’s shares for reported $3.83 million on Aug 06 ’24. In the deal valued at $51.04 per share,75,000 shares were sold. As a result of this transaction, O’Boyle James now holds 494,114 shares worth roughly $27.92 million.
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Then, JAMES OBOYLE bought 75,000 shares, generating $3,771,000 in total proceeds.
Before that, Faitelson Yakov sold 284,211 shares. Varonis Systems Inc shares valued at $12,855,460 were divested by the CEO, President, Chairman at a price of $45.23 per share. As a result of the transaction, Faitelson Yakov now holds 1,452,922 shares, worth roughly $82.09 million.
Robert W. Baird upgraded its Varonis Systems Inc [VRNS] rating to an Outperform from a a Neutral in a research note published on July 30, 2024; the price target was increased to $60 from $52. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “an Overweight”. Wedbush also remained covering VRNS and has increased its forecast on February 06, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. DA Davidson revised its rating on January 18, 2024. It rated VRNS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of VRNS
On Monday, Varonis Systems Inc [NASDAQ:VRNS] saw its stock jump 0.48% to $56.50. Over the last five days, the stock has gained 0.68%. Varonis Systems Inc shares have risen nearly 24.78% since the year began. Nevertheless, the stocks have risen 85.25% over the past one year. While a 52-week high of $58.32 was reached on 08/26/24, a 52-week low of $29.47 was recorded on 06/04/24. SMA at 50 days reached $53.82, while 200 days put it at $48.00.
Levels Of Support And Resistance For VRNS Stock
The 24-hour chart illustrates a support level at 55.20, which if violated will result in even more drops to 53.91. On the upside, there is a resistance level at 57.71. A further resistance level may holdings at 58.93. The Relative Strength Index (RSI) on the 14-day chart is 59.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.71%. Stochastics %K at 82.64% indicates the stock is a selling.
How much short interest is there in Varonis Systems Inc?
A steep rise in short interest was recorded in Varonis Systems Inc stocks on 2024-09-13, dropping by -0.83 million shares to a total of 8.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.72 million shares. There was a decline of -9.39%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 15, 2023 when Susquehanna began covering the stock and recommended ‘”a Positive”‘ rating along with a $55 price target.
